🔴The on-chain Thermo Cap/Realized Cap indicator has recorded a “Death Cross,” a pattern that has historically preceded major Bitcoin corrections. Analysts at CryptoQuant warn of a potential pullback to $75,000, drawing parallels to a similar scenario in 2022.
🔴Despite this, institutional demand remains strong—Metaplanet has acquired 160 BTC, increasing its holdings to 4,206 BTC. However, short-term traders should be cautious: if the signal is confirmed, the market could enter a cooling phase.